A Chinese conglomerate announced it will buy AMC Entertainment Holdings for $2.6 billion — China's biggest takeover of an American company to date. Dalian Wanda Group Co.'s purchase reflects the global ambitions of a wave of cash-rich Chinese companies using acquisitions to speed their expansion .» E-Mail This » Add to Del.icio.us

By Don Dion:
AMC Entertainment Holdings (AMC), the popular movie theater owner and operator with principal offices in Leawood, Kansas, plans to raise $350.0 million in an upcoming IPO. The firm will offer 18.4 million shares at an expected price range of $18-$20 per share. If the IPO can reach the midpoint of that range at $19 per share, AMC will command a market value of $1.8 billion.

Shanghai (AFP) - Chinese property and entertainment giant Wanda Group, which formally took a 20 percent stake in Spanish football club Atletico Madrid in April, will buy at least three more sports companies this year, its chairman said.